BNY Mellon High Yield Strategies Fund (NYSE:DHF) Short Interest Down 9.7% in January

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 99,600 shares, a decrease of 9.7% from the January 15th total of 110,300 shares. Based on an average trading volume of 228,800 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DHF. Pathstone Holdings LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 36.9% in the 3rd quarter. Pathstone Holdings LLC now owns 5,561,508 shares of the investment management company's stock worth $14,961,000 after acquiring an additional 1,500,234 shares during the period. 1607 Capital Partners LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 84.7% in the 4th quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company's stock worth $1,820,000 after acquiring an additional 327,361 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in BNY Mellon High Yield Strategies Fund by 47.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company's stock worth $2,242,000 after acquiring an additional 284,913 shares during the period. Shaker Financial Services LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the 4th quarter valued at approximately $248,000. Finally, LPL Financial LLC raised its position in shares of BNY Mellon High Yield Strategies Fund by 30.0% in the 4th quarter. LPL Financial LLC now owns 339,504 shares of the investment management company's stock valued at $866,000 after purchasing an additional 78,294 shares in the last quarter. Hedge funds and other institutional investors own 36.16% of the company's stock.

BNY Mellon High Yield Strategies Fund Stock Down 0.2 %

NYSE DHF traded down $0.01 on Friday, reaching $2.61. The company had a trading volume of 138,501 shares, compared to its average volume of 192,679. BNY Mellon High Yield Strategies Fund has a 1 year low of $2.27 and a 1 year high of $2.69. The firm has a 50-day moving average of $2.59 and a 200-day moving average of $2.59.

BNY Mellon High Yield Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be issued a $0.0175 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Thursday, February 6th.

About BNY Mellon High Yield Strategies Fund

BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.